257 N Main Street, Madisonville, KY 42431
COMMERCIAL - Madisonville, KY
- Added:
- Feb 13, 2026
- Days on Market:
- 144
- Last Refresh:
- Jul 7 at 11:06 am
Property Features for 257 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commer
- Standard status
- Active
- Size
- 2,163 SF
- Lot size
- 0.21 Acres
Listing agent Ken Gibson (270) 871-1942
Listing office KEN GIBSON REALTORS 257 N Main Street, Madisonville, KY (270) 821-1242
Listing date Feb 13, 2026
Copyright © 2026 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 61.5 ft frontage on N. Main Street with a stoplight at the corner
- Approx. 133 ft deep lot with 18 +/- parking spaces
- Large office plus soundproofing panels and a private half bath
- Includes 6 additional offices, conference room, and large reception area
- Kitchen with storage area, 2 additional half baths, plus storage/utility room
- New heat and air unit covering the original building
Overview
Located at 257 N Main Street in Madisonville, KY, the property offers 61.5 feet of frontage on N. Main Street with a stoplight at the corner. Parking is provided with approximately 18 +/- spaces, and the lot is approximately 133 feet deep (about 0.21 acres).
For buyers evaluating an owner-occupied or tenant-ready office setup, the layout supports both client-facing and internal spaces, including dedicated reception and conference areas. The seller also indicates they will consider a lease, and possible owner financing with an approved qualified buyer, subject to qualification.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.1k | $14.40 |
| − Vacancy | −$6.9k | −$3.17 |
| EGI | $24.3k | $11.23 |
| − OpEx | −$6.1k | −$2.81 |
| NOI | $18.2k | $8.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Hopkins
- State
- Kentucky
- Longitude
- -87.499971
- Latitude
- 37.323294
